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Power Grid closed in red for 5 consecutive days to eventually end up 14.1% down for the week. Yet, the stock is up by almost 14% over the last year while the Nifty 50 is flat. The power and cement sector had a stressful week in the markets.
FMCG stocks had a good week in the market with HUL, ITC, and Britannia gaining over the last week.
Nifty is absolutely flat over the past year whereas gold is up 8%, the dollar is up by 10%, crude is up 14% and government bond yields have gone up 20%. Clearly, the last 1 year was not good for the markets.
The Sensex PE ratio is at 23.0 and here’s the comparison to the long-term range
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Byju’s is in the news for all the wrong reasons. In this video, Deepak deciphers their complex financials and how BYJUs may be a closet NBFC.
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